eBCmvq_smSWp-_HksVoSuFyeNj4 January 2016 - Page 2 of 18 - Archive - - page 2 Top Tax Pros | Lakewood Tax Services

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Archive for January, 2016

The crazy world of credit

Posted on: January 29th, 2016 by admin

THERE was much talk at Davos, the global elite’s annual get-together in Switzerland, of wealth inequality: the gap between the haves and the have-nots. The corporate-bond market is currently displaying a similar divide—between the have-yields and the yield-nots.

According to Bank of America Merrill Lynch (BAML), around €65 billion ($71 billion) of European corporate bonds are trading on negative yields; in other words, investors lose money by holding them. Yet the rates paid by issuers of low-quality or junk bonds have been soaring.

The spread (the interest premium over government borrowing rates) paid by junk-bond issuers has risen by nearly three-and-a-half percentage points since March last year (see chart). The gap is now nearly as great as it was during the euro crisis of 2011, although it is less than half as wide as it was after Lehman Brothers collapsed in 2008.

Odd though it may seem, these market movements are part of the same trend. As January’s stockmarket wobbles have shown, investors are very nervous and are looking for safety. Certain corporate-bond issuers, such as Nestlé, a Swiss foods group,…Continue reading

Not in the Republican Debate, Donald Trump Casts a Shadow

Posted on: January 29th, 2016 by admin
The final Republican presidential debate before the Iowa caucuses took a surreal turn Thursday night as seven candidates clashed over immigration, border security and government surveillance, yet found their messages overshadowed by Donald J. Trump’s boycott of the event.

Trump: Fox News apologized; Fox News: He wanted $5 million

Posted on: January 29th, 2016 by admin

Teens drink methanol-soda mix, die

Posted on: January 27th, 2016 by admin
“Dewshine,” a mixture of Mountain Dew and methanol-based racing fuel, is the likely cause of the recent deaths of two Tennessee teens, a poison control official said Wednesday.

2016 Richard M. Nixon Presidential $1 Coin Products Go On Sale on Feb. 3

Posted on: January 27th, 2016 by admin
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WASHINGTON – The United States Mint will begin accepting orders for product options with 2016 Richard M. Nixon Presidential $1 Coins starting on Feb. 3 at noon Eastern Time (ET).

Rich travellers want more free internet at hotels

Posted on: January 27th, 2016 by admin

IF YOU were a member of the 1%, what would be your primary concern when choosing a hotel? A fancy restaurant, maybe, or a luxury spa? Perhaps it would be privacy? In fact, according to a new report on luxury travel by Resonance, a consultancy, it would probably be free internet access.

In a survey of the top percentile of American earners—defined as those with a household income of over $400,000 or a net worth of $8m—66% said that free internet access was very important to them when choosing a hotel. That compares with 53% who cited privacy, the second-most desirable amenity. That is significantly more than the American population as whole—58% of whom said free internet was important.

Why would the rich be more concerned with getting something for nothing than the rest of us? Well, presumably those at the top did not get where they are today without looking after the pennies. And they are used to living by Withnail’s maxim that goodies…Continue reading

Serena Williams Advances to Australian Open Final

Posted on: January 27th, 2016 by admin
Williams won her semifinal match against Agnieszka Radwanska to move within one victory of tying Steffi Graf’s Open era record of 22 Grand Slam titles.

Lots of entrepreneurs thought they could revolutionise hand-luggage. Few have succeeded

Posted on: January 26th, 2016 by admin

WHEN Gulliver was a youngster, the height of fashion among discerning ten-year-olds was the snorkel parka. In Feltham in 1980 you judged a coat not by how warm it kept you or whether it repelled the rain, but on how many pockets it had. The more compartments your friend had in his parka, the more envious you became. Four on the outside was entry-level—two at chest height for your hands, two lower down to keep your conkers in. Two more on the inside were also expected. But the coolest of cool kids distinguished themselves by the number of arm pockets. Ideally, each bicep would sport separate compartments to store away your money, your Panini-sticker swaps, and a couple of pens.

Browsing the Road Warrior Voices blog, Gulliver came across a post on what is termed the “world’s first duffel…Continue reading

First Draft: Donald Trump’s Campaign Says He’ll Skip Debate

Posted on: January 26th, 2016 by admin
Moments after Fox News announced the lineup for Thursday’s Republican debate, Donald J. Trump said Tuesday it is pretty “irrevocable” that he will skip the event, which takes place just days before the Iowa caucuses.

Missionary taken hostage

Posted on: January 26th, 2016 by admin
Al Qaeda\’s North Africa affiliate says it\’s taken a Swiss missionary hostage.
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